Over 50% Halal Logistics Sales Comes from Food & Beverages Industry: Fact.MR

Countries with considerable Islamic population such as India, Nepal, Turkey, Indonesia, and Bangladesh are providing stimulus to the manufacturers investing in the food and beverages industry for halal meat and processed food & beverages. According to the study, South Asia accounted for 30% of the global halal transportation logistics market due to high demand for halal meat in the food & beverage industry. Such factors are projected to expand the halal logistics market at over 9% CAGR through 2031.

Countries with considerable Islamic population such as India, Nepal, Turkey, Indonesia, and Bangladesh are providing stimulus to the manufacturers investing in the food and beverages industry for halal meat and processed food & beverages. According to the study, South Asia accounted for 30% of the global halal transportation logistics market due to high demand for halal meat in the food & beverage industry. Such factors are projected to expand the halal logistics market at over 9% CAGR through 2031.

"According to the Fact.MR analysis, the market generated over US$ 168 Bn from food and beverages industry due to the surge in number of halal warehousing and halal meat consumption across the globe," says a Fact.MR analyst. 

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Key Takeaways

Competitive Landscape        

Al Furqan Shipping & Logistics LLC, DB Schenker, HALA, HAVI, dnata, Yusen Logistics Co. Ltd., Freight Management Holdings Berhad, Kontena Nasional BHD, MASkargo, Northport BHD, Nippon Express, SEJUNG Shipping Co. Ltd., TASCO Berhad and TIBA Group among others. Expansion of existing product portfolios, strategic mergers and acquisitions, and capacity expansion are some of the important growth strategies adopted by some of the aforementioned players.

For instance, in October 2020, dnata announced to be the first one ever to offer fully integrated, temperature-controlled cool chain for temperature sensitive goods between cargo warehouses and aircraft.

Likewise, on 16^thMarch 2021, Nippon express announced the expansion of growing market of muslim and non-muslims consumers attracted to halal's law across Japan.  

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More Valuable Insights on Halal logistics market

In its latest offering, Fact.MR provides a detailed insight on global halal logistics market. The study divulges essential insights on halal logistics market on the basis of component (storage, transportation, monitoring components, air logistics and land logistics), vertical (food & beverages, pharmaceuticals, personal care & cosmetics, chemicals and others), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA).

Key Questions Covered in the Report

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